It all goes back to the previous real estate collapse  (2008) when people would inflate values and mislead lenders.

Our tenant didn’t bother to turn off the AC, and then the ceiling collapsed in where it had soaked up too much water.

They didn’t collapse, right?

Reposted from Twitter....Nick Gerli@nickgerli1   The Airbnb collapse is real.Revenues are down nearly 50% in cities like Phoenix and Austin.

It connects the two separate properties and provides me a pathway from one to the other by collapsing all three if I have grounds.I mean if we want to get stupid with it turn the WY into a management company and charge the LLC's.The income is non-taxable to WY but the LLC's get a deduction on state and Federal.Just make sure its' arm's length/documented (see Cayland Land and Cattle).Personally I would just do the two in CA and LLC and make sure you don't do anything on their behalf that would allow jurisdiction by Texas.I dunno but I would seek out less expensive in time and money.

The exchange closed on 2/24/2014 so ironically Joe's post was the last one prior to the collapse of the largest bitcoin exchange.

Stop paying taxes, let the government collapse and rebuild from the ground up.After all, didn't you all already purchase your bunker, food, arms, and large parcel surrounded by alligator swamp / mine field??

It allows you to have an emergency account if things go wrong, and it gives you the option to jump on other deals should they arise.You will hate yourself if you dutifully paid down the note but did not have cash on hand when the roof collapsed.

The risk is ground contamination or collapse.

The tenant let a leak go for several weeks and the basement ceiling collapsed.